Cherkasky: Marsh Will Keep Putnam

The top executive at Marsh & McLennan, the parent company to Putnam Investments, said the world's largest insurance broker has no intention of shedding its struggling fund group.

Boston-based Putnam, which lost more than $81 billion in assets during the scandal, still has negative inflows. Speculation has been swirling that Marsh might dump Putnam. But Marsh CEO Michael Cherkasky told Reuters during an interview at the World Economic Forum in Switzerland that positive flows are on the horizon.